We have other situations where you can end up owing a debt, you don’t get to foreclose. You go to civil court, get a judgment and then try to collect.

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delichon 2 hours ago | parent [-]

Then the risk, delay, effort, and expense of pursuing a now unsecured debt is transferred from one defector to 150 cooperators. Every month of delay increases the loss.

	▲	lokar 2 hours ago \| parent [-]
		True. Another middle ground is a mechanics lean. You can't alter the title until you clear it, but they can't foreclose.